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...College endowments with more than $5bn in assets reported an average return of 2.8 per cent in the year to June 2023, according to the National Association of College and University Business Officers....
...The package requires increased disclosure and puts new limits on the way the industry treats customers — mostly pension funds, endowments and other institutional investors....
...The latest study from the National Association of College and University Business Officers estimates the 688 endowments that participated had an average 10-year return of 7.2 per cent....
...Hargreaves saw a 36 per cent increase in annuity quotes. The Association of British Insurers says more money was put into annuities in the first nine months of 2023 than the whole of 2022....
...at the Pensions and Lifetime Savings Association, which represents UK pension schemes stewarding £1.3tn on behalf of 30mn savers....
...Monday’s report is the latest step in the church’s work to address concerns raised by its endowment fund’s links with the transatlantic slave trade, specifically via Queen Anne’s Bounty....
...But asset managers said they were fighting a battle with customers who have a negative association with annuities as expensive, complex, and illiquid products....
...Zurich, one of Europe’s biggest insurers, struck a deal to sell its German legacy life insurance back book — including annuity and endowment products — to Viridium in 2022....
...funds of millions of future pensioners....
...Jonathan Dixon, secretary-general at the International Association of Insurance Supervisors, told the Financial Times that while the sweep of private capital groups into the life insurance sector helped...
...A survey last year by the National Association of College and University Business Officers showed on average 46 per cent of the spending from US university endowments across the country went to student financial...
...It is disappointing that the FTC took an indiscriminate approach to rulemaking that jeopardises the success of America’s capital markets,” said Jennifer Han, chief counsel of the Managed Funds Association...
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...Fidelity’s Special Situations fund has targeted UK life insurers, seeing growth potential in the bulk annuities market as companies buy out defined benefit pension schemes....
...markets data provider PitchBook and the National Venture Capital Association....
..., protect students and “remedy operational and endowment mismanagement”....
...One of the parts of the proposed rules that has sparked much concern is a carve-out for US limited partners (LP) — the endowments, pension funds and charities that put money into venture funds....
..., according to the Life Insurance Market Research Association....
...Its endowment has risen in value from $200mn in 2000 to nearly $1bn today — five times the median level in US colleges, according to the latest survey by the National Association of College and University...
...Lynn Pasquerella, head of the American Association of Colleges and Universities, said: “There’s a risk of even greater destabilisation ahead....
...The National Association of Insurance Commissioners reckons private-equity owned insurers had $534bn of investments in total at the end of 2022....
...To address this issue, schools are seeking to diversify their funding sources, setting up endowment funds and soliciting more alumni donations and corporate sponsorships....
...The capital that Micro Connect hands to the stores comes from a $200mn private fund that it raised from investors including university endowments and the super-rich, and from the HSBC and Bank of China loans...
...Bryan Corbett, president and CEO of the Managed Funds Association, the US hedge fund trade group, said the regulator’s agenda, “by and large, is not informed by market data, a market failure, or a congressional...
...Lynn Pasquerella, head of the American Association of Colleges and Universities, said: “There’s a demand for people to pick sides....
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